The average salary for a Financial Aid Counselor is $38,113.
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What Do Financial Aid Counselors Do?
Financial aid counselors work with students to discuss financial aid options. These professionals are employed almost exclusively by institutes of higher learning, which includes for-profit schools and non-profit institutions; counselors may also consult at college fairs. Financial aid counselors typically work with other counselors and the employees in the bursar's office to provide correct information to students, who may have little to no knowledge about financial aid. A typical day for finan…Read more
Financial Aid Counselor Tasks
- Counsel students and parents about self-help financial aid programs, eligibility requirements, and application processes.
- Plan and perform financial aid workshops to staff and students.
- Assist in the review of students' financial aid applications.
- Coordinate and administer financial aid appeals.
- Package, award, and disburse funds to students.
Job Satisfaction for Financial Aid Counselor
Explore the most common career paths for Financial Aid Counselor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Assistant Director of Financial Aid
Financial Aid Counselor (School/College/...
Somewhat common (8 - 20%)
Financial Aid Counselor Job Listings
What Are Popular Skills for Financial Aid Counselors?
Skills in Customer Service, Counseling, Data Processing and Regulatory Compliance are correlated to pay that is above average. Skills that pay less than market rate include Federal Grants.
What is the Pay by Experience Level for Financial Aid Counselors?
An entry-level Financial Aid Counselor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $35,545 based on 25 salaries. An early career Financial Aid Counselor with 1-4 years of experience earns an average total compensation of $36,783 based on 172 salaries. A mid-career Financial Aid Counselor with 5-9 years of experience earns an average total compensation of $38,912 based on 101 salaries. An experienced Financial Aid Counselor with 10-19 years of experience earns an average total compensation of $44,435 based on 51 salaries. In their late career (20 years and higher), employees earn an average total compensation of $41,995.
Pay Difference by Location
Employees with Financial Aid Counselor in their job title in Indianapolis, Indiana earn an average of 29.1% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (26.0% more) and New York, New York (20.6% more). The lowest salaries can be found in Miami, Florida (1.5% less).
Years of Experience
This data is based on 373 survey responses.